FHA is planning significant reductions to both the upfront and annual mortgage insurance premiums for most Section 232 program mortgages of green residential care facilities.
Gordon sworn in as FHA commissioner; Ginnie to expand digital collateral program; FHA to present overview of its single-family purchase program; Ginnie hosts training sessions for single-family issuer pooling processes and systems; Ginnie clarifies requirements for MBS related to delinquent loan buyout eligibility; USDA to hold online training sessions for its single-family program; USDA raises interest rates for its single-family direct loan programs.
Julia Gordon, who finally received Senate confirmation this week after being nominated in June of last year, will face increasing pressure to cut mortgage insurance premiums.
The government housing agencies have updated their frequently-asked-questions pages to assist servicers handling borrowers whose applications for relief under the Homeowner Assistance Fund are pending.
The slowing pace of delinquencies helped mitigate the impact of a reduction in new private mortgage insurance policies written as mortgage originations slowed.
Tai Christensen, newly appointed chair of the American Mortgage Diversity Council, wants to change the way the mortgage industry thinks about diversity.
A HUD policy update has “unintentionally eliminated” reimbursements to servicers for property preservation and protection expenses that occur before a foreclosure process begins.